Rowe sale still pending Friday
By Furniture Today Staff -- Furniture Today, January 21, 2007
Alexandria, Va. — The sale of midpriced upholstery maker Rowe Furniture was still pending at press time late last week.
A hearing on the matter, begun Thursday in U.S. bankruptcy court here, was continuing on Friday.
On Dec. 20, the court approved a "stalking horse" or lead bid of $30 million for the company from Florida-based Sun Capital Partners, but an auction is a required as part of Chapter 11 proceedings.
Rowe filed for Chapter 11 on Sept. 18, listing assets of $130.8 million and liabilities of $93.3 million. Shortly after, Rowe closed and liquidated its Storehouse retail chain.
-
Rowe sale still pending
Jan 19, 2007 -
Rowe auction set for Jan. 11
Jan 14, 2007 -
Liquidator expects to acquire Domain
Feb 10, 2008 -
Court approves Rowe sale
Jan 19, 2007
Specialty retailer LoveSac introduces new store design
Belfort Furniture, Lawrance Furniture are NHFA Retailers of Year
Kincaid Furniture honors Jimmy and Rosalynn Carter for Habitat work
Furniture, mattress sales boost Conn's sales 37.6% in recent quarter
Havertys' new ad campaign plays up customers' finer qualities
Featured Company
-
Brandwise Inc.
Brandwise serves a model - not just an industry - by integrating, automating, and optimizing the entire sales channel, from wholesale Suppliers to their Reps and the Retailers they service. In short, our software helps Reps and Suppliers sell more and create... more
VIEW ALL GALLERIES
